AutoTradeCenter.com Inc. has announced sales of $44.6 million and $84.1 million for the quarter and six months ended Sept. 30, 2000, respectively. Net sales increased 30% and 23% over the same periods last year.

Included in sales are revenues from Internet operations of $253,000 and $445,000 for the three and six months ended Sept. 30, 2000, respectively. The company began generating Internet revenues in April of 2000. The company incurred a net loss of $1.30 million or $0.04 per share and $2.23 million or $0.07 per share for the respective periods reported. These results of operations were in line with management’s expectations.

Total operating expenses increased to $3.42 million and $6.46 million for the quarter and six months ended Sept. 30, 2000, respectively, compared to $1.3 million and $ 3.0 million for the same periods of the prior year. These increases reflect continued expenses associated with the development of Internet applications and increased costs related to higher sales from its traditional wholesale operations.

“We continue to meet or exceed management expectations with our Internet programs as well as our traditional wholesale operations," said Roger L. Butterwick, president of AutoTradeCenter.com. "Our Internet revenue increased in the second quarter of our fiscal year ended March 31, 2001, by over 130% when compared to Internet revenue reported for the first quarter of this year. We look forward to continued increases in Internet revenue as we expand our client base, increase volume and contract our Internet remarketing service with industry third party providers.”

The company’s 10Q filing with the SEC can be accessed through the EDGAR reporting system located at www.sec.gov. The Company’s financial statements for the second quarter and six months ended Sept. 30, 2000 will be posted in the Investor Relations section on its Website, www.autotradecenter.com.

About AutoTradeCenter.com

AutoTradeCenter.com (ATC) an Internet-based "business-to-business" automotive remarketing company. On its Website, http://www.autotradecenter.com, the company markets its services to automobile manufacturers, captive finance companies, lease and rental companies, and financial institutions across the U.S.

ATC powers the American Honda Finance Corporation’s Vehicle Inter-Dealer Purchase System “VIPS” and American Suzuki Motor Corporation’s PROLine, utilizing Internet technology and remarketing services.

For more information on AutoTradeCenter.com Inc., visit http://www.autotradecenter.com or contact Public Relations at lseegan@autotradecenter.com.